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No plans for crypto investments

The Trinidad and Tobago Unit Trust Corporation (UTC) has no immediate plans to invest in cryptocurrency due to its volatility, according to its executive director, Nigel Edwards.Edwards made the statement

UTC executive director tells senator: We can't change the law

INDEPENDENT Senator Hazel Thompson-Ahye has asked the Unit Trust Corporation (UTC) to make changes in the law that governs its operations in order to allow attorneys to access information from the corporation about unitholders.

Manning responds to NIF, UTC questions in Senate - Trinidad and Tobago Newsday

MINISTER in the Ministry of Finance Brian Manning has said a National Investment Fund (NIF) One $1.2 billion bond is due to mature on August 9,2023. He made this comment in response to a matter on the adjournment of the Senate on Tuesday, by Opposition Senator Wade Mark. "The Ministry of Finance is currently focused

UTC Chairman calls on government to modernise the Unit Trust Act

UTC Chairman calls on government to modernise the Unit Trust Act by joel.julien@guardian.co.tt It is time to mod­ernise the Unit Trust Act, chair­man of the Unit Trust Cor­po­ra­tion Prof Ger­ry Brooks has said. Brooks made the state­ment as the UTC held its vir­tu­al An­nu­al Gen­er­al Meet­ing yes­ter­day. “Four decades have elapsed since the orig­i­nal Unit Cor­po­ra­tion Act (UTC) was en­act­ed in 1982, when the mu­tu­al fund in­dus­try was in its nascent stages and the UTC was the on­ly play­er. Since then, fi­nan­cial mar­kets have un­der­gone pro­found trans­for­ma­tion. Y2K and the tech­nol­o­gy rev­o­lu­tion have fa­cil­i­tat­ed a to­tal shift in cus­tomer and mar­ket ex­pec­ta­tions. The pan­dem­ic has re­shaped the world, re­set­ting pri­or­i­ties, cre­at­ing seis­mic shifts in eco­nom­ic pol­i­cy, in­vest­ment, and mar­ket ar­chi­tec­ture,” Brooks said.

UTC Chairman calls on government to modernise the Unit Trust Act